{"id":30672,"date":"2019-03-20T14:30:31","date_gmt":"2019-03-20T13:30:31","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=30672"},"modified":"2019-03-20T14:30:31","modified_gmt":"2019-03-20T13:30:31","slug":"fg-considers-50-per-cent-hike-in-vat-to-guarantee-new-minimum-wage","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fg-considers-50-per-cent-hike-in-vat-to-guarantee-new-minimum-wage\/","title":{"rendered":"FG Considers 50 Per Cent Hike In VAT, To Guarantee New Minimum Wage"},"content":{"rendered":"<p>The Senate has passed the new Minimum Wage bill into law, fixing the sum of N30,000 as the new wage, just as their counterparts in the House of Representatives.<\/p>\n<p>The passage of the new wage is coming on the heels of revelations that the Federal Government might be considering a hike in the Value Added Tax (VAT) by 50 per cent.<\/p>\n<p>It was learnt that the decision was aimed at enabling the government to generate revenues that would guarantee the payment of the new minimum wage of N30,000.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<div class=\"bs-irp left bs-irp-thumbnail-1\"><\/div>\n<p>Two government officials who made the disclosure on Tuesday including the Minister of Budget and National Planning, Senator Udo Udoma, and the Chairman of the Federal Inland Revenue Service, Mr Babatunde Fowler.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Senate has passed the new Minimum Wage bill into law, fixing the sum of N30,000 as the new wage, just as their counterparts in the House of Representatives.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":30673,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[699],"coauthors":[2391],"class_list":["post-30672","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-vat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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